Wright County Wave Swim Club

Analysis

Wright County Wave Swim Club is a registered charity in United States, based in Buffalo, MN. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Wright County Wave Swim Club reported income of $113k and spending of $101k, spending 89% of its income. Across the 3 years on record, from August 2022 to August 2024, income fell from $125k to $113k (-9.8%), an average of -5.0% a year. The sharpest change came in the year to August 2023, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wright County Wave Swim Club sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within MN. Charities of a similar size with the same main cause include Utah Figure Skating Club Inc ($113k), Osseo Baseball Booster Club ($113k) and Matbo ($112k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 1.5% and program service revenue 30% of the total. At year end it held assets of $65k against liabilities of $1,952, net assets of $63k.